Common use of Cost of Living Clause in Contracts

Cost of Living. cost of living will remain inop- erative for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based on the following: The amount of cost-of-living allowance shall be determined and redetermined as provided below on the basis of the All Canada Consumer Price Index published by Statistics Canada (1971 = and referred to herein as the "Index". The first (1st) pay period in which the living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: READ September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where applies. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week of the month following the pay period referred to in the above table, any adjustment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the cost-of-living allowance due to any revision which later may be made in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Index. cost-of-living allowance shall not to the base rates for any classification, but only to each straight-time hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability of official monthly Consumer Price Index in its present form and calculated on same basis as Index of

Appears in 2 contracts

Samples: Agreement, Agreement

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Cost of Living. cost of living There will remain inop- erative for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based calculated on hours worked as follows: An Increase of one (1) cent per hour worked for each rise of .062 points in the following: Consumer Price Index or a decrease of one (1) cent per hour worked for each drop of .062 points in the Consumer Price Index. When CPI changes would result in a decrease in the total COLA payable, it is agreed and understood that the total COLA payable will be maintained at the level in effect prior to the decrease in CPI in exchange for future offsets. These offsets will take the form of postponing any new COLA generated until such time that the CPI used for any an adjustment date exceeds the CPI that generated the last positive COLA payment. The amount of cost-of-living allowance shall will be determined and redetermined as provided below on established in accordance with changes in the basis of the All Canada official Consumer Price Index published by Statistics Canada (1971 = 2002=100) and hereinafter referred to herein as the "Index"Consumer Price Index which was 112.1 as of June 2007 (May 2007). In no event will a decrease in the Consumer Price Index reduce the contract rates listed in the attached wage schedule outlined in Article 14. The first (1st) pay period in which the living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: READ September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where applies. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week of the month following the pay period referred to in the above table, any adjustment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the any cost-of-living allowance due in effect at any time shall be included in computing overtime pay, jury duty pay and funeral time pay. Index is to any revision which later may be made reviewed each quarter commencing January 2014. Revision in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using will take effect the June, Consumer Price Index as a start first of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Indexpay period commencing after Index publication. cost-of-living allowance shall not to the base rates for any classification, but only to each straight-time hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance The continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability availability of the official monthly Statistics Canada Consumer Price Index in its present form and calculated on the same basis as the Index ofpublished January 25, 2014, unless otherwise agreed upon by the parties. In the event the form or basis of the Index is changed, the parties agree to request said Statistics Canada to continue to furnish, for the term of this agreement, the Index in its present form and calculated on the same basis as the Index published January 25, 2014. Fold in all existing COLA adjustments into wages up to and including adjustment #12 (October 2017).

Appears in 2 contracts

Samples: sp.ltc.gov.on.ca, www.sdc.gov.on.ca

Cost of Living. The cost of living will remain inop- erative inopera- tive for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based on the following: The amount of cost-of-living allowance shall be determined and redetermined re-determined as provided pro- vided below on the basis of the All Canada Consumer Price Index published by Statistics Canada (1971 = 100) and referred to herein as the "Index". The first (1st) pay period in which the of-living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost cost-of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals in- tervals thereafter, as follows: READ INDEX September, December, March, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living generated by the above readings will be deemed to he be folded into the base rates where applies. In the event that Statistics Canada shall not issue is- sue the appropriate Index on or before the first (1st) week of the month following the pay period pe- riod referred to in the above table, any adjustment adjust- ment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the cost-of-living allowance allow- ance due to any revision which later may be made in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing con- tinuing with a increase equaling zero and thereafter a one cent or Mill adjustment for each true point change in the Index. The cost-of-living allowance shall not be add- ed to the base rates for any classification, but only to each employee’s straight-time hourly or mileage earnings. A decline in the Index below the June, reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability of official monthly Consumer Price Index in its present form and calculated on the same basis as the Index ofof June,

Appears in 1 contract

Samples: Agreement

Cost of Living. cost of living There will remain inop- erative for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based calculated on hours worked as follows: An Increase of one (1) cent per hour worked for each rise of .074 points in the following: Consumer Price Index or a decrease of one (1) cent per hour worked for each drop of .074 points in the Consumer Price In- dex. When CPI changes would result in a decrease in the total COLA payable, it is agreed and under- stood that the total COLA payable will be maintained at the level in effect prior to the decrease in CPI in exchange for future offsets. These offsets will take the form of postponing any new COLA generat- ed until such time that the CPI used for any an adjustment date exceeds the CPI that generated the last positive COLA payment. The amount of cost-of-living allowance shall will be determined and redetermined as provided below on established in accordance with changes in the basis of the All Canada official Consumer Price Index published by Statistics Canada (1971 = 1992=100) and hereinafter referred to herein as the "Index"Consumer Price Index which was 139.9 as of January 2011 (December 2010). In no event will a decrease in the Consumer Price Index reduce the contract rates listed in the attached wage schedule outlined in Article 14. The first (1st) pay period in which the living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: READ September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where applies. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week of the month following the pay period referred to in the above table, any adjustment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the any cost-of-living allowance due in effect at any time shall be included in computing over- time pay, jury duty pay and funeral time pay. Index is to any revision which later may be made reviewed each quarter commencing January 2011. Revision in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using allow- ance will take effect the June, Consumer Price Index as a start first of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Indexpay period commencing after Index publication. cost-of-living allowance shall not to the base rates for any classification, but only to each straight-time hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance The continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability availability of the official monthly Statistics Canada Consumer Price Index in its present form and calculated on the same basis as the Index ofpublished January 25, 2011, unless otherwise agreed upon by the parties. In the event the form or basis of the Index is changed, the parties agree to request said Statistics Canada to continue to furnish, for the term of this agreement, the Index in its present form and calculated on the same ba- sis as the Index published January 25, 2011. Fold in all existing COLA adjustments into wages up to and including adjustment #12 (October 2010).

Appears in 1 contract

Samples: sp.ltc.gov.on.ca

Cost of Living. cost of living will remain inop- erative for the life of this agreement. All Effective January employees covered by this Agreement shall be entitled to receive a cost-of-living allowance based on the following: over and above their basic hourly or mileage rate. The amount of the cost-of-living allowance shall be determined and redetermined as provided below set out herein on the basis of the All Canada Consumer Price Index published for Canada as established and released by Statistics Canada (1971 = and referred to herein as called the "Index". The first (1st) pay period in which " and on the living allowance, if any, will apply, shall be basis of the second (2nd) pay period in October, and shall continue in effect until and including Index for being Continuous of the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost cost-of-living allowance shall be made quarter- annually contingent on the basis availability of the changes Index calculated on the same basis and in the Index same form as follows: Effective date that published at the commencement of adjustment the second pay period this Agreement. No adjustments, retro- active or otherwise shall be made due to any revisions which may later be made in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: READ September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where appliesany published Index. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week beginning of one of the month following the pay period periods referred to in the above tableherein, any adjustment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No A cost-of-living allowance adjustment retroactive or otherwise shall be made determined effective January based on the difference between the base Index figure of November, and the Index figure of November A second cost-of-living allowance adjustment shall be determined effective January based on the difference between the base Index figure of November and the Index figure of November A third cost-of-living allowance adjustment shall be determined effective January based on the difference between the base Index figure of November and the Index figure of November The adjustments in the amount of the cost-of-living allowance due to any revision which later may shall be made in the published figures for the Index every increase or decrease as follows: for any month employees on the basis an hourly rated basis, of which the allowance has been determined. one cent per hour, for employees on a mileage basis, mil per mile.) The amount of the cost-of-living allowance which shall be effective for in effect at any such quarterly period shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Index. cost-of-living allowance time shall not to be incorporated in the base rates for any classification, but only to each straight-time basic hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance , but shall be contingent upon paid for all hours actually worked for which the continued avail- ability hourly rate is paid and for all miles actually recorded for which mileage payment is made pursuant to the terms of official monthly Consumer Price Index in its present form and calculated on same basis as Index ofthis Agreement.

Appears in 1 contract

Samples: Memorandum of Agreement

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Cost of Living. cost of living will remain inop- erative for the life of this agreement. All employees covered by this Agreement Hourly wage rates shall be entitled subject to a quarterly cost-of-living allowance adjustments. Each adjustment shall be based upon a comparison between the Consumer Price Index (1992=100) for the end of September, 1999 and the equivalent index for the end of December, 1999 and quarterly, thereafter, for the duration of this Agreement. The quarterly adjustments shall be calculated on a formula of one cent ($0.01) per hour for each hour worked during the following: respective quarter for each point zero eight nine six (.0896) of a point increase between the relevant monthly index and the base index for the month of September, 1999 which is established at 111.4. Adjustments shall be made upwards or downwards except that a drop in the index below the index figure of September 1999 shall not result in a decrease below the level of hourly rates in effect October 1, 1999. The amount payment of the cost-of-living allowance shall be determined and redetermined as provided below on the basis of the All Canada Consumer Price Index published by Statistics Canada (1971 = and referred to herein as the "Index". The first (1st) pay period in which the living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost of-living allowance formula shall be made quarter- annually to all employees who are actively employed on the basis last day of each quarter and be paid on that next regular pay cheque and be taxed as a separate amount at twenty-five (25%) percent within three (3) weeks after the changes in the Index as follows: Effective publication date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals thereafter, as follows: READ September, December, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living by the above readings will be deemed to he folded into the base rates where appliesStatistics Canada. In the event that Statistics Canada shall not issue the appropriate Index on or before the first week either discontinues publication of the month following current Consumer Price Index (Canada wide all items 1992=100) or changes the pay period referred form and/or method of calculation of the index and publishes a new monthly index which differs from that defined previously in this Article, the Company and the Union shall enter into immediate negotiations with respect to maintaining the full protection originally intended by the negotiation of this provision. If the parties are unable to agree, this dispute will be submitted to final and binding arbitration as provided in the above table, any adjustment in the allowance required by such Index shall be effective at the beginning collective agreement. The result of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the quarterly cost-of-living allowance due shall be paid to any revision which later may be made those employees referred to for each hour worked in the published figures specific period. Such hours to be included as hours worked are: • Normal hours actually worked • Overtime hours actually worked • Statutory holiday hours, if pay for such is authorized • Bereavement hours, if pay for such is authorized • Jury duty hours, if pay for such is authorized • Reporting or call back hours • Vacation pay hours • Hours paid as a result of the Index for any month settlement of a grievance In the case of employees who are laid off by the Company, resign or an employee who is retired or retires, then such employee will have the cost of living formula calculated on the basis of which hours worked in the allowance has been determinedperiod in question. The amount In the case of the demise of an employee, such payment of any monies due shall be forwarded to the stated beneficiary. This cost-of-living allowance formula will not be added to or form part of the regular earnings, will not include and apply to any benefit plan which involves payment in lieu of work performed, any premium payments or shall it apply to probationary employees who are terminated or who resign. With respect to the present COLA amount of one hundred fifty six (156) cents per hour announced October 24, 2006, eighty-four ($0.84) cents per hour shall be rolled into the new remaining seventy two (72) cents shall become the current COLA float. RSPP effective for any such quarterly period January 1, 2006 as provided and subject to the limitations in Article 16(a) and the COLA shall continue as per provisions within the collective bargaining agreement. As referred to above, COLA float effective January 1, 2006 shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing with a increase equaling zero and a one cent or Mill adjustment for each in Index. cost-of-living allowance shall not to the base rates for any classification, but only to each straight-time hourly or mileage earnings. A decline in Index below the reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability of official monthly Consumer Price Index in its present form and calculated on same basis as Index ofseventy two (72) cents and

Appears in 1 contract

Samples: Agreement

Cost of Living. The cost of living will remain inop- erative inopera- tive for the life of this agreement. All employees covered by this Agreement shall be entitled to a cost-of-living allowance based on the following: The amount of cost-of-living allowance shall be determined and redetermined re-determined as provided pro- vided below on the basis of the All Canada Consumer Price Index published by Statistics Canada (1971 = 100) and referred to herein as the "Index". The first (1st) pay period in which the of-living allowance, if any, will apply, shall be the second (2nd) pay period in October, and shall continue in effect until and including the second (2nd) pay period in January, At that time and thereafter, adjustments in the cost cost-of-living allowance shall be made quarter- annually on the basis of the changes in the Index as follows: Effective date of adjustment the second pay period in October, and at quarterly inter- vals thereafter based upon: As of September and as of quarterly intervals in- tervals thereafter, as follows: READ INDEX September, December, March, 2nd pay period in October 2nd pay period in January 2nd pay period in April The amounts of cost-of-living generated by the above readings will be deemed to he be folded into the base rates where applies. In the event that Statistics Canada shall not issue is- xxx the appropriate Index on or before the first (1st) week of the month following the pay period pe- riod referred to in the above table, any adjustment adjust- ment in the allowance required by such Index shall be effective at the beginning of the first (1st) pay period after receipt of such Index. No adjustment retroactive or otherwise shall be made in the amount of the cost-of-living allowance allow- ance due to any revision which later may be made in the published figures for the Index for any month on the basis of which the allowance has been determined. The amount of the cost-of-living allowance which shall be effective for any such quarterly period shall be determined in accordance with a table set up using the June, Consumer Price Index as a start of the table and continu- ing con- tinuing with a increase equaling zero and thereafter a one cent or Mill adjustment for each true point change in the Index. The cost-of-living allowance shall not be add- ed to the base rates for any classification, but only to each employee’s straight-time hourly or mileage earnings. A decline in the Index below the June, reading shall not result in a reduction of clas- sification base rates. Continuance of the cost-of-living allowance shall be contingent upon the continued avail- ability of official monthly Consumer Price Index in its present form and calculated on the same basis as the Index ofof June,

Appears in 1 contract

Samples: Agreement

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